Unit21 Unveils Innovative AI-Powered Features to Revolutionize Fraud and AML Operations

RegTech
05.03.2024 11:45 am

Unit21, a leading provider in Fraud and AML solutions, today unveiled its new AI-powered features at Fintech Meetup. The innovative Ask Your Data and AI Copilot tools are designed to significantly enhance the decision-making capabilities and operational efficiency of fraud analysts, compliance officers, and risk managers.

Ask Your Data is the market-first AI-driven data analysis tool purpose built for the financial crime sector. With its conversational interface, users can query their data in plain English, making complex data analysis accessible and actionable. From identifying transaction patterns to predictive analytics, Ask Your Data facilitates a deeper understanding of trends in an organization's data and the health of their risk program.

AI Copilot is designed to help fraud and AML analysts resolve alerts with unparalleled efficiency. By offering contextual guidance, suggesting decisions, and providing transparent explanations, the AI Copilot is like an experienced and omniscient mentor that empowers analysts to quickly determine what data should be considered in their decisions. This allows analysts to address risky alerts effectively, while spending less time on false positives.

"Fraud and AML teams are often bogged down by the sheer volume of data and manual processes," said Trisha Kothari, CEO of Unit21. "With Ask Your Data and AI Copilot, we are empowering teams with more control over their data, enabling them to respond more effectively to threats."